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← BUDGIT FOUNDATION

Form 990 for tax year 2022

Filed by BUDGIT FOUNDATION.

Totals

Total revenue
$312,381
Total expenses
$299,374
Contributions and grants received
$312,087
Grants paid
$137,500
Program service revenue
$0
Investment income
$0
Other revenue
$294
Total assets, end of year
$13,007
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,007
Program services expenses (Part IX)
$235,215
Management and general expenses
$50,467
Fundraising expenses
$13,692
Program service expenses (Part III)
$235,215

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $312,087

  • 11a · Other revenue: OTHER REVENUE

    total $294 · related or exempt $294

  • 11e · Other revenue, total

    $294

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $137,500 · program services $137,500

  • 5 · Compensation of officers, directors and key employees

    total $54,765 · program services $27,382 · management and general $13,691 · fundraising $13,692

  • 13 · Office expenses

    total $70 · management and general $70

  • 14 · Information technology

    total $22,197 · management and general $22,197

  • 16 · Occupancy

    total $9,760 · management and general $9,760

  • 17 · Travel

    total $60,063 · program services $60,063

  • 24a · Other expenses: EVENT PROGRAM EXPENSE

    total $10,270 · program services $10,270

  • 24b · Other expenses: EQUIPMENT LEASING

    total $4,749 · management and general $4,749

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $13,007

  • 27 · Net assets without donor restrictions

    end of year $13,007

Mission and programs · 2022

Mission

TO COMBINE THE USE OF CREATIVE ARTS, TECHNOLOGY AND DATA-DRIVEN RESEARCH TO STIMULATE CIVIC PARTICIPATION IN UNDERSERVEDAND VULNERABLE COMMUNITIES THROUGH THE LENS OF RACE, ORIENTATION AND GEOGRAPHY.

  • SUPPORT SPPG NIGERIA ON PROGRAM DELIVERY AS SUPPORTED BY THE SCHMIDT FUTURES AND OVERSEE BUDGIT EXPANSION ACROSS AFRICA WITH SUCCESSES IN SIERRA LEONE, LIBERIA AND GHANA.

    Expenses $175,152 · Grants $137,500

  • SUPPORT TRAVEL OF ANTI-CORRUPTION MOVEMENT IN AFRICA FOR THE IACC CONFERENCE IN WASHINGTON D.C

    Expenses $60,063

As filed on the 2022 return.

Listed in Part VII

  • Oluseun Onigbinde

    PRESIDENT

    Total calculated
    $54,765
    From this org
    $54,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • Abiola Afolabi

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Folashayo Babalola

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
17 August 2023
IRS schema version
2022v5.0
Source object
202302349349301005

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